Search Results for: ipo

Soilbuild Construction Group Ltd

Soilbuild Construction Group Ltd (“Soilbuild” or the “Company”) is offering 168m new shares for its initial public offering at $0.25 each. The prospectus is here. 2m shares will be for the public  166m share via placement. The IPO will close on 22 May 2013 at 12pm and starts trading on 27 May. Soilbuild is a A1-graded construction group with design and build, turnkey and project management services. It has a 36 year old track record in consulting business spaces, HDB and condominiums. By definition, A1-graded means that it can tender for public sector projects in Singapore with unlimited contract...

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Tough Business Conditions – NOL, Vard Holdings

[Previous post: Twice Lucky in a Month? – Asian Pay Television Trust IPO] NOL (Shipping & Logistics Chain) NOL reported a US$76 million profit on the back of the sale of its NOL headquarters building. Without the gains from the sale, it would still be in the red with EBIT at -US$85 million. The company has been having a very tough 2-3 years due to supply glut of liner vessels putting pressure on shipping rates but it seems that with a new CEO and leadership team, the cost cutting measures have become more aligned and aggressive to unlock value for...

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Croesus Retail Trust

Today i added 5 lots of Croesus Retail Trust to my SRS portfolio. I am seeking yield for this portfolio and the projected yield of 6.8% is “good enough” for me given that i have been allocated 4 lots from the placement tranche at 93c.  I have done a fair bit of write up here, so will not repeat them. It’s still early days for this counter. Happy SRSing....

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My Singapore Stock Portfolio May 2013

This is an update to my Singapore stock portfolio for May, with closing prices as of last Friday. I put the portfolio as of last week so that it takes into account my newest acquisition Croesus Retail Trust. For previous month, please see My Singapore Stock Portfolio End February 2013 My Singapore Stock Portfolio End December 2012 My Singapore Stock Portfolio Mid November 2012 Mapletree Greater China Trust and Croesus Retail Trust While I haven’t been looking at the current REITs, the new IPOs of Mapletree Greater China Trust and Croesus Retail Trust did pick my interest. I got...

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Asian Pay Television Trust Preview ("APTT")

APTT lodged its preliminary prospectus and is currently doing book building for its IPO.  My broker from DBS sent me the book building term sheet and here are the key terms. Offering size – 1,393,696,000 units. Cornerstone –    451,068,000 units. (about 31.4% of offering size) Placement tranche – 917,628,000 units Public offering – not less than 25m units. Book building price range – $0.92 to $1.00 per unit Distribution yield – FY2013 8.93% to 9.71%                          – FY2014 8.25% to 8.97% Cornerstone investors: Asian Century Quest Capital...

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Croesus Retail Trust up 23%!

News: SINGAPORE — Croesus Retail Trust, which holds shopping malls in Japan, climbed 23.1 per cent over its initial public offering price on its first day of trading as investors turn to higher-yielding assets. The shares closed at S$1.145, from the 93 Singapore cents offer price, and were the second-most-traded counter, with about 138 million units changing hands. They started trading at 2pm. Croesus Retail is backed by Japan’s Daiwa House Industry and Marubeni Corp, which have contributed assets to the trust. “This type of yield is very attractive in this environment,” said UOB Kay Hian analyst Vikrant Pandey....

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Croesus Retail Trust – Balloting results

The balloting results is out and the results announcement is here. This issue is very hot whereby the placement tranche of 207.6m units is 19.7x subscribed and the public tranche of 21.5m units is 48.8x subscribed. The balloting results as follows: There is only one word to describe. The less you apply, the better the chance of getting some shares. hahaha. Mr IPO’s balloting results. I receive 4 lots from the placement tranche and zero shares from my public application!!...

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Market View 8 May 2013

Ok, I have nothing much to add today, justthe same old advice to stay alert and cautiouson the market right now. I am not that comfortableabout what I am seeing at this moment. For those who are interested in the Croesus RetailTrust IPO which public application close today noon,I will not do a write-up this time. If you are thinkingabout to subscribe for the IPO, you can read this write-up:http://www.reitsweek.com/2013/05/croesus-retail-trust-ipo-projects-8.html Enter any position with a Cut-loss level & Trailing Stop,and Please practice strict Money(Risk)-management.If you don’t like what you see in the market,simply don’t...

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Wrong Gears for the Wrong Crowd? – Croesus Retail Trust

Previous post: [Upcoming IPOs – Croesus Retail Trust & Asian Pay Television Trust] So, all the hype of the Croesus Retail Trust IPO has started on the online sphere with several blogs catching up on this big IPO that will be the 2nd largest after Mapletree Greater China Commercial Trust in March this year. For a start, the timeline for this IPO seems quite tight and listing day is on 10 May. If you are a new IPO investor, do check out my blog page on Guide to IPO Investing. Even if you are a seasoned IPO investor, you may...

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Croesus Retail Trust

This May, we will be seeing IPO of Asian Pay TV and Croesus Retail Trust (CRT). They are both business trust (not REITs), highly geared and most importantly offering a 8% yield. Where else on SGX can you find a 8% dividend yield? The question should then be why are they not pricing at lower dividend yield and hence leaving money on the table? Total unit is 430,178,000, NAV is $378,337,000 or $0.88. The IPO price is trading 1.05x NAV. CRT is made up of 4 main assets situated in Japan worth 57 billion yen. As seen from the...

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Croesus Retail Trust ("CRT")

CRT is offering 229.118m Units at $0.93 per unit for an IPO on the Singapore Exchange. The prospectus is here. It is the first retail business trust with properties in Japan to be listed in Singapore. The IPO will close on 8 May 2013 12pm and be listed on 10 May 2013 at 2pm. 207.613m will be for placement and 21.505m for the public. Business Trusts Versus REITs CRT is offered under the business trust structure. While previously i have been cautious on business trust structures, i think my perception has since “improve slightly” as there is no reason...

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Finding Undervalued US Stock: Coach Inc

Background Coach is one of the most recognized brands in the luxury goods industry. It is a leading marketer of fine accessories for women and men, including handbags, women’s and man’s leatherwear, footwear, travel bags, watches, fragrances and related accessories. Coach was established in 1941 and sold to Sara Lee for $30 million in 1985. Sara Lee Corporation then sold 19.5% of the shares in an IPO in October 2000. Since listing of the company in New York Stock Exchange, Coach has grown to be the number one brand within the U.S premium handbag and accessories market. Business Model...

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Croesus Retail Trust ("CRT") Preview

This is a funny name which i don’t really know how to pronounce it. Should be read with a “silent e”? Anyway, i am looking at this now because i have to indicate whether i am interested in it but i am not going to do a detailed analysis until it is launched.  CRT is the first Asia-Pacific retail trust that has its “initial portfolio” located in Japan and it is the second attempt in which it is trying to list on the SGX. Saizen is the other REIT that came to my mind, but it is focused on the residential...

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GDS Global Limited Balloting Results ("GDS")

Here you go, the balloting results for GDS. The issue (including the placement tranche) is about 13x oversubscribed. I have to support this since CIMB is so “brave” to let the public participate. More of a “moral support”. :P Those who applied for 100 lots will get a 20% chance and receive 4 lots.  Mr IPO’s result 5 lots for me. It will be a “hit and run” for me and hopefully, a profitable punt....

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GDS Global Limited

GDS Global Limited (“GDS”) is offering 17.5m shares at $0.25 each, comprising 12m New Shares and 5.5m Vendor Shares for IPO on the Catalist. 1m shares will be for public offer and the balance 16.5m share via placement. The offer will close on 17 April 12pm and starts trading on 19 April. At least CIMB is doing something more “courageous” than some other boutique outlets. It is letting public investors have a “chance” to play in the Catalist field and i must applaud them for that. According to the prospectus, GDS is one of the leading commercial and industrial...

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